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Apr 13, 2013
04/13
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KQED
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fred, what is the most important take away from the reports today from j.p. morgan and wells fargo? >> what is important is the big banks, revenue growth is hard to find. it seems that every time something goes wrong, something else is going wrong. the trade ing income was strong.
fred, what is the most important take away from the reports today from j.p. morgan and wells fargo? >> what is important is the big banks, revenue growth is hard to find. it seems that every time something goes wrong, something else is going wrong. the trade ing income was strong.
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morgan chase goldman sachs etc were lying both to regulators as well there as to their customers so what makes flying of hedge fund managers really that unique or is it where you're making a good point hedge funds exist also inside of the large financial institutions they call proprietary trading desk but they're basically the same thing what makes them together what makes them incredibly unique is there are unbelievably dangerous to the rest of the economy they are the ones that are outside the banks are have very few regulations on them so and what they do is basically proprietary so we don't know what it is they're doing we don't know what markets they're jumping in and out of we don't know how the details of how they could be destabilizing the economy we don't know until after it happens and i think something's got to be done about it now one of the people that you actually brought up is going to say host jim cramer he was a hedge fund manager for quite a long amount of time and he talked at length and to the surprise of a lot of people about just what he did when he was managing thi
morgan chase goldman sachs etc were lying both to regulators as well there as to their customers so what makes flying of hedge fund managers really that unique or is it where you're making a good point hedge funds exist also inside of the large financial institutions they call proprietary trading desk but they're basically the same thing what makes them together what makes them incredibly unique is there are unbelievably dangerous to the rest of the economy they are the ones that are outside...
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Apr 12, 2013
04/13
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FBC
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concentrate on individual stocks, j.p. morgan, guess what, made more than 6 billion dollars in profit from january through march. 6 billion, not bad and it's raising its dividends. nicole, i've got to believe that that stock is up? >> well, let's see here now. it's not exactly up. it's down. it's down about 3/4 of 1% right now and you know, the good news is j.p. morgan is getting past the london situation, and litigation for that is tapering down. the major businesses did turn in tepid performance, revenue decline and jamie dimon, the ceo said that loan growth was soft and it's sort of a mixed bag. stuart: i can't get over it, 6 million dollars in three months and the stock goes down. >> not enough. stuart: it's not enough, i want more. all right, nicole, i want to move on to wells fargo. they made 5 billion dollars the first three months of the year and that stock is down 1.8% now. so there you have it, two big banks, very profitable. it's not good enough, the stock is down. so let's move on to j.c. penney. it's desperate
concentrate on individual stocks, j.p. morgan, guess what, made more than 6 billion dollars in profit from january through march. 6 billion, not bad and it's raising its dividends. nicole, i've got to believe that that stock is up? >> well, let's see here now. it's not exactly up. it's down. it's down about 3/4 of 1% right now and you know, the good news is j.p. morgan is getting past the london situation, and litigation for that is tapering down. the major businesses did turn in tepid...
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Apr 13, 2013
04/13
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FOXNEWSW
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it reminds me of the mortgage crisis, it's j.p. morgan's fault because he took a loan on a house he couldn't afford. i was a student i came out of graduate school without owing any money because you went to a graduate school i could afford. university of missouri, great university. they gave me scholarship money. i did some work study. you want to know something, i came out of there debt free. >> neil: good for you. >> hopefully everybody is responsible for what they do, charlie. no, this administration... they are protecting kids every day. >> you know what, i have actually no problem. i don't think the government should be handing out free money to anybody, particularly students. i don't like the fact the government is in the business of giving out student loans. if they need to make money to help pay the $17 trillion in debt. >> neil: on the p.r. level alone to have admit with the all the green investment debacles and then brag and single out, at least we're screwing students. it doesn't look right. you know what i mean. i comme
it reminds me of the mortgage crisis, it's j.p. morgan's fault because he took a loan on a house he couldn't afford. i was a student i came out of graduate school without owing any money because you went to a graduate school i could afford. university of missouri, great university. they gave me scholarship money. i did some work study. you want to know something, i came out of there debt free. >> neil: good for you. >> hopefully everybody is responsible for what they do, charlie....
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Apr 17, 2013
04/13
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CSPAN
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morgan, chase, citigroup, wells fargo, bank of america, and others. the fact of the matter is that state actors, terrorist organizations, and criminal groups, individuals and countless persons that describe themselves as hackers attack our private and public computer networks thousands of times every day. many foreign hackers seek to steal valuable trade secrets which results in the loss of countless american jobs. there are estimates that have been quoted of loss from economic espionage that range as upwards as high as $400 million a year. unfortunately the same vulnerabilities used to steal trade secrets can be used to attack the critical infrastructure we depend on every day. our economy, our power grids, and our defenses are increasingly reliant on computers and network integration. these networks power our homes, provide our clean water, protect our bank accounts, our national security information, and manage other critical services. in addition to intellectual property and national security intelligence, personal finance, health care, and other
morgan, chase, citigroup, wells fargo, bank of america, and others. the fact of the matter is that state actors, terrorist organizations, and criminal groups, individuals and countless persons that describe themselves as hackers attack our private and public computer networks thousands of times every day. many foreign hackers seek to steal valuable trade secrets which results in the loss of countless american jobs. there are estimates that have been quoted of loss from economic espionage that...